1Broker.com — a minimalist bitcoin, forex, and CFD trading domain — has been charged and seized by the Federal Bureau of Investigation (FBI).
According to information provided yesterday on the FBI’s website, 1Broker was in violation of numerous laws.
SEC Complaints
The actions from the FBI follow a complaint from the U.S. Securities and Exchange Commission (SEC).
The SEC has alleged that 1Broker CEO Patrick Brunner solicited both American and international investors to purchase and sell security-based swaps without any real KYC (know your customer) requirements.
Elon Musk Also Got Served
In related news, the SEC also charged Tesla CEO Elon Musk with securities fraud yesterday after the prolific business magnate tweeted that he had “secured” funding to take the company private at $420 a share — which subsequently boosted Tesla’s share price.
What do you think about the actions taken against 1Broker by the SEC and FBI? Let us know your thoughts in the comments below!